IMF Commences Fourth Review Mission of Ghana’s $3Bn ECF Programme
The International Monetary Fund (IMF) has begun its fourth review mission of the country’s Extended Credit Facility (ECF) programme for 2023–2026. The two-week mission, running from April 2 to April 15, will assess Ghana’s economic performance and progress on structural reforms backed by the IMF programme.
The review process commenced with discussions at the Ministry of Finance and the Bank of Ghana, focusing on Ghana’s fiscal performance for 2024. Over the next fortnight, the IMF delegation will engage with senior government officials, the Central Bank, and other stakeholders to evaluate key economic indicators, including inflation control, monetary policy, and structural reforms.
A key component of the review is Ghana’s progress in meeting IMF targets related to fiscal discipline, economic stabilisation, and debt restructuring. The outcome will determine Ghana’s eligibility for the next tranche of IMF financial support, which is critical for maintaining macroeconomic stability.
Government’s Commitment to Reforms
Finance Minister Dr Cassiel Ato Forson reaffirmed the government’s commitment to economic reforms, citing key measures such as tax amendment bills, public procurement reforms, and policies outlined in the 2025 Budget. He expressed optimism that with positive macroeconomic trends, Ghana’s economy could stabilise by May 2025, emphasising the importance of completing the review on schedule.
The IMF is expected to release its final statement on April 15, outlining its assessment of Ghana’s economic progress and the implications for future financial support.
